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Wanda, Sunac and R&F join hands in historic property deal

ThelargestpropertydealinChina'shistoryjustaddedathirdmembertoit.WandaGroupsignedanagreementonWednesdaytosellpropertytoSunacHoldingsandRFPropertiesasitcontinuest

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Qualcomm's profit forecast disappoints as Apple battle takes toll

Qualcommforecastfourth-quarterprofitbelowanalysts'estimatesasthecompany'sescalatingpatentbattlewithApplecontinuestotakeatollonitslicensingbusiness.Sharesoftheco

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Asia Inc perpetual bonds have bumper year as Softbank joins ranks

AsiaInc'sscrambletolockinlowinterestratesandinvestors'thirstforasteadystreamofincomehaveboostedperpetualbondissuanceintheregiontoarecordthisyear,ledbyaclutchofj

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Troubled LeEco meeting breaks up without new chairman

ThelistedarmoftroubledChinesetechcompanyLeEcoheldageneralstakeholders'meetinginBeijingwhichonlylasted15minutesonMonday,amidprotestsfromsuppliersoverthecompany's

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Global cyber attack could spur $53 billion in losses: Lloyd's of London

Amajor,globalcyberattackcouldtriggeranaverageof$53billionofeconomiclosses,afigureonparwithacatastrophicnaturaldisastersuchasU.S.SuperstormSandyin2012,Lloyd'sofL

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India's Infosys reports first-quarter profit growth on client wins

InfosysLtd,India'ssecond-biggestsoftwareservicesexporter,reporteda1.4percentincreaseinfirst-quarterprofitonFriday,slightlybeatingstreetestimates,helpedbykeyclie

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Buffett donates $3.17 billion to Gates charity, four others

WarrenBuffettonMondaydonatedroughly$3.17billion(2.4billionpounds)ofBerkshireHathawayInc(BRKa.N)stocktotheBillMelindaGatesFoundationandfourfamilycharities,hislar

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Playing talent game for market lead

Shenzhen-listedPerfectWorldCoLtd,aChinesemovieandgamingcompany,istargetingoverseasmarketsasonlinegamingande-sportsappearsettoboom.ChinahasalreadyovertakentheUni

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SoftBank aims to raise $3 billion to $5 billion via bond issue: source

Japan'sSoftBankGroupCorp(9984.T)istargettingraisingbetween$3billionand$5billionthroughanofferingofU.S.dollarbonds,accordingtoapersonfamiliarwiththeplans.Thegrou

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Iran, China, France sign 4.8 billion USD gas deal

Iran and a consortium of Chinese and French energy giants signed a multi-billion-dollar deal here on Monday to develop a major Iranian gas field in the Persian Gulf.

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Chinese central bank halts open market operation for 8th consecutive day

China'scentralbankonTuesdayhaltedopenmarketoperationsforaneighthdayinarow,stoppingtradeofreverserepos.ReversereposarepartofaprocessinwhichthePeople'sBankofChina

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China's IPOs surge in first 6 months of 2017 as stock market stabilizes

‍Chinahasbeenonaninitialpublicofferings(IPO)frenzyinthefirstsixmonthsof2017,with247companiesgoingpublic,andatotalIPOfundraisingof125.4billionyuan(18.3billionUSd

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Dropbox seeks to hire IPO underwriters – sources

Data-sharingbusinessDropboxisseekingtohireunderwritersforaninitialpublicofferingthatcouldcomelaterthisyear,whichwouldmakeitthebiggestUStechnologycompanytogopubl

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Chinese companies will continue to look for UK investments

Chinese companies will still be tempted by investment opportunities in the United Kingdom, despite the uncertainty of Brexit, experts said.

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Chinese companies will continue to look for UK investments

ChinesecompanieswillstillbetemptedbyinvestmentopportunitiesintheUnitedKingdom,despitetheuncertaintyofBrexit,expertssaid.TheUKvotedlastyeartoleavetheEuropeanUnio

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China central bank to skip open market operations today: statement

China'scentralbanksaiditwillskipopenmarketoperationsonWednesday,forthefourthconsecutiveday,asliquiditylevelsinthebankingsystemwere"relativelyhigh"."Fiscalexpend

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State-owned firms inflate revenue by 29 billion US dollars

China's government auditor said that 18 of 20 audited state-owned enterprises (SOEs) have inflated revenue by 200 billion yuan (29 billion US dollars) and profits by 20.3 billion yuan (3 billion US dollars) in recent years.